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Best 3 Solar Companies in Waco, TX

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Written By Max Peterson|Last Updated: February 05, 2024

Waco homeowners are increasingly using solar panels to power their homes and heat their water. Local homeowners might opt for solar to break free of high power costs from sources like natural gas. An experienced solar installer can help you set up and adjust a system that fulfills your energy needs without being too expensive. On this page, we'll showcase Waco's leading solar companies and provide expert advice for your solar journey.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Waco Solar Companies

Allegiance Solar Logo

Allegiance Solar

4.4/5
Based on 92 customer reviews.

Services Offered

Panel InstallationConsultation

Highlights

  • Informative resources
  • Clear pricing policy
  • Free quotes
903 S Amy Ln, Harker Heights, TX 254-213-2164 allegiance-solar.com
Solar Electrical & Retrofit Solutions Inc Logo

Solar Electrical & Retrofit Solutions

4.6/5
Based on 40 customer reviews.

Services Offered

Panel InstallationCleaning And MaintenanceFinancing AssistanceSystem Decommissioning

Highlights

  • Informative resources
  • Reliable customer support
  • Clear pricing policy
12611 East, Fm917 Suite E, Alvarado, TX 817-313-4571 serdallas.com

Ranking Methodology

Our team focuses on the following criteria to determine the best Waco solar companies.

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Facts about Waco
Average Max Temp:79°F
Solar Payback Period:10.6 years
Average Daily Sunlight:63%
Homes Powered by Solar:5,219
Average Annual Energy Bill:$1,181
Solar Power per Capita Percentile:48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy provides numerous advantages that will enhance your home for years to come.

  • Lowered energy bills: You can dodge the expensive cost of grid-tied power by producing some electricity at home.
  • Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on fossil fuels.
  • Better energy independence: Adding a solar battery lets you have reliable energy during grid outages and storms.

What Solar Incentives Are Available to Waco Homeowners?

Texas agencies and electric companies offer multiple solar incentives to help offset your solar system costs. Here is a breakdown of available solar programs where you live.

Incentive Type: Property Tax Incentive

Website: comptroller.texas.gov

Incentive Amount:

100%

Incentive Type: Rebate Program

Website: texasgasservice.com

Incentive Amount:

Free Equipment Program: Free appliance installation and weatherization services
Home Improvement (includes attic insulation, duct sealing, duct insulation, duct replacement, high-efficiency gas furnace, and Wi-Fi thermostat: Up to $1000
Solar Water Heater With Natural Gas Backup: $750
Tankless or Super High-efficiency Water Heater: $650
Furnace: $675
Furnace Tune-Up: $40
Natural Gas Dryer with moisture sensor: $225
Natural Gas Dryer Stub: $300

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Waco

The price and performance of solar panels often hinge on the solar company that installed them. Here are some essential aspects to remember while shopping for a solar installer.

Licensing and Training

All solar contractors in Texas must have a state electrical contractors' license from the Texas Department of Licensing and Regulation. The Texas State Board of Plumbing Examiners regulates plumbing regulations and licensing standards for solar thermal installers. Solar companies can also obtain accreditations from standards organizations and trade groups. The most prestigious ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Waco

Your photovoltaic panels' model will affect how much electricity you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can increase your solar system's efficiency. Not every solar contractor offers these optional components, so look for a company that sells them if it's crucial for you.

Generally speaking, it costs about $16,650 for a five-kilowatt solar array in Waco. This table shows more specific pricing information for different solar panel types and system components in your area.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,142
Solar Polycrystalline$891
Thin-Film$521
Solar Battery$731
Solar Home EV Charger$2,740

Financing Solar Energy in Waco

Choosing the ideal financing solution will influence your overall solar system cost and expected savings. Common payment options include leases, loans, power purchase agreements, and cash payments. We recommend making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, like an electric bill. We typically don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. We advise working with a contractor that offers multiple financing options. Speak with each salesperson about what's available, and acquire more than one estimate for the best odds of staying within your spending limits.

The table below lists the average payback periods for different capacities of solar systems in Waco.

The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.

Solar System CapacityEstimated Payback period
1 kW2.1 years
2 kW4.2 years
5 kW10.6 years
10 kW21.2 years

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Frequently Asked Questions About Solar in Waco

How much energy and money could I save per year by switching to solar?

Most Waco homeowners spend about $1,181 on energy each year. Your costs could drop by $826.95 for each kilowatt you generate after you pay off a solar array.

Is solar energy common in Waco?

Yes, solar energy is spreading quickly in Waco. Some homes already benefit from solar power on-site or through utility grids, and they're backed by a state solar economy with 10261 workers and counting.

Will a solar PV system boost my Waco home value?

Yes, solar panels will boost your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

How long does the solar installation process take?

There's no universal answer for how long a solar project might take. Ultimately, it depends on panel style, the permitting and inspection process, local weather, the necessary prework, and system size. Most homeowners can be solar-ready within a few months from their initial estimate visit.

What upkeep do my solar panels need, and how frequently do they need it?

Solar panels don't demand much maintenance to keep working properly. All you'll need to do is inspect and clean the panels every six months or as necessary in dusty seasons. Solar companies frequently offer maintenance packages to assist in your system's care.

What is the average payback period for Waco solar panels?

The average payback period for a solar loan in Waco is 14.1 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How many estimates should I get before making a final solar company decision?

It's wise to gather three or more estimates before committing to a single solar company. This allows you to evaluate warranty options, customer feedback, product quality, and pricing. It also helps you assess a provider's knowledge, responsiveness and reliability, all of which are "green flags".

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

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